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Effects of the Innovative Company Certification System on Technological Innovation Activities and Performance of SMEs  

Yoo, Hyoung Sun (한국과학기술정보연구원, 과학기술연합대학원대학교)
Jun, Seung-pyo (한국과학기술정보연구원, 과학기술연합대학원대학교)
Kim, Ji Hui (한국과학기술정보연구원)
Publication Information
Journal of Korea Technology Innovation Society / v.20, no.4, 2017 , pp. 1212-1242 More about this Journal
Abstract
In this study, the effectiveness of the innovative company certification system, which is one of the important means of the SME innovation promotion policies, was examined in terms of technological innovation activity and performance. To this end, we used the results of 'SME Technology Statistical Survey' conducted by the Small and Medium Business Administration and the Korea Federation of Small and Medium Business in 2013~2015 to compare the innovative SMEs that have received the certifications such as Venture Certification, Innobiz Certification, and Mainbiz Certification with the general SMEs that did not. As a result, it was found that the innovative SMEs have comparative advantage in many detailed indicators related to the technological innovation activity and performance. However, the ratio of external use of R&D expenditure, the number of technology development attempts and the number of successes were not different according to the survey year, so it is necessary to strengthen the follow-up management of the system. On the other hand, the proportion of self-procurement R&D expenditure of the general SMEs was significantly higher than that of the innovative SMEs in all three-year surveys. Therefore, it is necessary to regulate the government funding for the innovative SMEs to be used as a complementary material, not as a substitute for their own R&D investment. In addition, the technological innovation activity and performance of a company were more influenced by the size of the company and the participating industry rather than by the certification, so it is necessary to consider it when establishing the technology innovation promotion policies.
Keywords
Innovative SMEs; Venture Certification; InnoBiz Certification; MainBiz Certification; Innovation activities;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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